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He also said that the country's economic growth will be around 5.5 per cent in the 2013 14 fiscal.

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Rolex Yachtmaster Rose Gold Women

As for the steps to increase capital inflows, financial bodies IRFC, PFC and IIFCL will be permitted to raise $4 billion collectively through quasi sovereign bonds for the infrastructure sector.

India's CAD the gap between inflow and Rolex Submariner Women's Watch

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The government has increased duty on import of gold and silver Rolex Yachtmaster Rose Gold Women to 10 per cent in a bid to contain the forex outflow, and also announced a slew of measures including easier overseas borrowing norms to Rolex Watch Gold Diamond For Men

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Finance Minister P Chidambaram had said recently that the government will make all efforts to contain fiscal deficit at 4.8 per cent, and CAD at 3.7 per cent of GDP, about $70 billion in the 2013 14 financial year.

additional $11 billion this fiscal to check the burgeoning CAD.

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"Reducing CAD from $88 billion (2012 13 fiscal) to $70 billion is possible because of various actions taken by the government. . . Gold imports falling by $10 12 billion itself will be a great relief," Rangarajan said at an event in New Delhi.

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outgo of foreign exchange widened to a record high of $88 billion or 4.8 per cent of the gross domestic product for the fiscal ended March 31, from $78.2 billion in 2011 2012, about 4.2 per cent of the Gross Domestic Product.

´╗┐Rangarajan expects CAD to come down soon

Chidambaram had also said that PSU oil companies would be permitted to raise additional External Commercial Borrowings to the tune of $4 billion. He had further said the liberalisation of the ECB norms and non resident deposit schemes would fetch $2 billion and $1 billion respectively.

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India may be able to contain its current account deficit to $70 billion, about 3.7 per cent of gross domestic product, in the current fiscal because of various steps taken by the government, Prime Minister's Economic Advisory Council chairman C Rangarajan said on Monday.

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